Working Paper: NBER ID: w28198
Authors: G. William Schwert
Abstract: Academic finance has grown and evolved in the 46 years since the Journal of Financial Economics (JFE) began publishing papers. This paper uses detailed data on the 2,858 papers written by 3,152 different authors published in the JFE from 1974-2019. Cumulatively, these papers have received 278,018 citations from other published papers as reflected in the Social Science Citation Index. Increasing computing power and electronic communication have likely resulted in trends toward more empirical work, more co-authorship, and more complex papers. Growth in the demand for finance faculty has driven up faculty salaries, and therefore the demand for journal services.
Keywords: Financial Economics; Academic Growth; Journal of Financial Economics
JEL Codes: G10; G20; G30
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| increasing submission fees (D40) | rise in the number of submissions (Y40) |
| higher submission fees (D40) | improved quality of submissions (L15) |
| increased demand for finance faculty (G29) | increased faculty salaries (M52) |
| increased faculty salaries (M52) | increased demand for academic publications (A19) |
| editorial policies of JFE (A19) | influenced quality and quantity of finance research published (O16) |
| editorial board’s involvement (G34) | citation success of published papers (A14) |